Ba Shusong: Blockchain and other technologies and their combinations may have a breakthrough impact from point to face in the payment industry, the financial industry, and the entire economy

Ba Shusong, chief China economist of the Hong Kong Exchanges Group and executive dean of the Peking University HSBC Institute of Finance, published an article entitled "Fintech Innovation Promotes the Payment Industry into a New Stage". The article states that in addition to 5G, blockchain, artificial intelligence, Many new technologies and their combinations, such as the Internet of Things, financial cloud, big data, and so on, may have a breakthrough impact from point to face in the payment industry, the financial industry, and the entire economy. WEF (World Economic Forum) predicts that by 2025, 10% of global GDP will be stored in various blockchain systems.